Capital Markets & Economic Analysis
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Posted 3 days ago
Stock MarketIt was a mild down day in the end. But there was a trough to peakswing of 1000 Dow points during the session. Thus it is thattraders have a strong interest in this deeply oversold market.
Posted 4 days ago
Long Term IndicatorsThis indicator set started turning negative over the course of 2004and bottomed in terms of breadth in October, 2007. Since then, itbegan to inch along positively, and turned robus
Posted 6 days ago
FundamentalsWell, the panic has extended to the stock market. Its recentdescent has turned closer to vertical, but the reaction has notbeen irrational. As discussed in the last update on fundamentalso
Posted 1 week ago
As most technicians will tell you, the stock market is nowsubstantially oversold. As a guess, we are due for a rally ofseveral weeks duration to begin either this week or in the earlygoing next week.
Posted 1 week ago
Knowing they would get a second act, Congress went into fullturkey mode yesterday, with the House calling a vote on thePaulson plan when they knew the votes were not there. Ms.Pelosi alerted all put b
Posted 2 weeks ago
I am headed out later today for a family birthday celebration andwill miss the release of the provisional bailout plan targeted tocirculate before the markets open in Asia this evening. I note onlytha
Posted 2 weeks ago
I try to avoid journalistic hyperbole, and I have disdain for thepundits who have been yelling Panic! for months on end.However, It appears the financial system has finally enteredpanic mode. Interb
Posted 2 weeks ago
Paulson is working hard to get the clearence to set up a $700 bil.broker / dealer on the taxpayers' pad. He might even add a unitto do merchant banking -- taking stinky credits for equity. Thatis one
Posted 2 weeks ago
The SP 500 Market Tracker has dropped further in Sept. and isnow at 1025 fair value based on 12 month earnings and inflationreadings. The earnings index has fallen from an annual rate ofaround 90.0 in
Posted 3 weeks ago
In recent days I have argued that this plan makes no economicsense and that whatever Paulson / Bernanke cook up to try tounchoke the financial markets, it better not chase everyoneback into the inflat
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